AptarGroup, Inc. (NYSE:ATR) Given Consensus Recommendation of “Hold” by Analysts
Shares of AptarGroup, Inc. (NYSE:ATR) have received an average recommendation of “Hold” from the twelve research firms that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $114.14.
Several brokerages have commented on ATR. Zacks Investment Research downgraded shares of HANNOVER RUECK/S from a “hold” rating to a “sell” rating in a research note on Monday, April 22nd. Bank of America reaffirmed a “neutral” rating and issued a $105.00 target price (up previously from $95.00) on shares of Childrens Place in a research note on Friday, April 5th. Morgan Stanley set a $36.00 target price on shares of ArcBest and gave the company a “hold” rating in a research note on Monday. Finally, Deutsche Bank downgraded shares of Cogent Communications from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd.
Shares of ATR traded down $0.61 on Friday, reaching $123.41. 240,997 shares of the company’s stock were exchanged, compared to its average volume of 245,765. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.13 and a quick ratio of 1.51. The stock has a market cap of $7.84 billion, a PE ratio of 30.89, a P/E/G ratio of 2.75 and a beta of 0.79. The stock’s 50 day simple moving average is $119.64. AptarGroup has a 12 month low of $88.26 and a 12 month high of $126.19.
In other news, insider Eldon W. Schaffer II sold 20,000 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $113.80, for a total transaction of $2,276,000.00. Following the completion of the sale, the insider now owns 65,115 shares of the company’s stock, valued at $7,410,087. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Marc Prieur sold 2,000 shares of the stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $121.27, for a total transaction of $242,540.00. Following the sale, the insider now directly owns 5,760 shares of the company’s stock, valued at approximately $698,515.20. The disclosure for this sale can be found here. Insiders have sold 37,000 shares of company stock valued at $4,284,590 in the last three months. 3.00% of the stock is owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in AptarGroup by 3.3% during the fourth quarter. BlackRock Inc. now owns 5,529,612 shares of the industrial products company’s stock worth $520,170,000 after purchasing an additional 174,573 shares during the last quarter. Paloma Partners Management Co acquired a new stake in AptarGroup in the fourth quarter valued at $498,000. Brown Advisory Inc. acquired a new stake in AptarGroup in the fourth quarter valued at $588,000. Champlain Investment Partners LLC lifted its stake in AptarGroup by 4.6% in the first quarter. Champlain Investment Partners LLC now owns 1,649,865 shares of the industrial products company’s stock valued at $175,529,000 after acquiring an additional 72,650 shares during the last quarter. Finally, State of Wisconsin Investment Board lifted its stake in AptarGroup by 25.8% in the first quarter. State of Wisconsin Investment Board now owns 120,993 shares of the industrial products company’s stock valued at $12,872,000 after acquiring an additional 24,780 shares during the last quarter. Institutional investors and hedge funds own 89.94% of the company’s stock.
AptarGroup Company Profile
AptarGroup, Inc provides a range of packaging, dispensing, and sealing solutions primarily for the beauty, personal care, home care, prescription drug, consumer health care, injectable, and food and beverage markets. The company operates through three segments: Beauty + Home, Pharma, and Food + Beverage.
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